Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Acquisition of Shares in Plug Networks LLC-FZ

29th Sep 2026 12:24

RNS Number : 8049W
Global Connectivity PLC
29 September 2026
 

29 September 2026

 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018 as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019. Upon publication of this announcement, this inside information is now considered to be in the public domain.

 

Global Connectivity Plc (the "Company")

Acquisition of Shares in Plug Networks LLC-FZ

Global Connectivity Plc (AQSE: GCON), an investing Company focused on strategic holdings in high-growth, connectivity-aligned technologies, is pleased to announce that is has received confirmation today that it has acquired 88,000 ordinary shares ("Shares") in PLUG Networks LLC-FZ ("Networks").

 

GCON acquired these Shares in Networks as per the regulations of Meydan Free Zone, a freezone trade area in the United Arb Emirates.

 

GCON's ownership is 8% of the issued share capital which was acquired in total at a substantial discount from the recent equity fund raises by Networks at $0.05 for a total cost of $4,400.00.

The management of Networks confirms that major carriers acknowledge the effectiveness and importance of Networks' technology to extract vast amounts of buried copper cables. GCON will, in due course, report on the progress of Networks as this business develops.

 

 

The Directors of Global Connectivity Plc accept responsibility for the contents of this announcement.

 

- ENDS -

For more information, contact:

Keith Harris

Executive Chairman

Global Connectivity plc

Email: [email protected]

https://www.globalconnectivityplc.com/

 

Claire Louise Noyce

AQSE Stock Exchange Corporate Advisor and Corporate Broker

Hybridan LLP

Tel: +44 20 3764 2341

Email: [email protected]

www.hybridan.com

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NEXFLFFLAIIAFIR

Related Shares:

FTSE 100 Latest
Value10,636.71
Change0.00